5480 CLUB INCORPORATED

EIN: 540788156

Newport News, VA

Total Revenue
$153,091
Total Expenses
$151,809
Total Assets
$1,345,017
Net Assets
$1,345,017
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
VA
Principal Officer
Lowell Jesse Powell
Phone
7579300491
Tax Period
2025-01-01 to 2025-12-31

5480 CLUB INCORPORATED, founded in 1970, is a small nonprofit that reported $256K in total revenue in fiscal year 2019. Revenue decreased 18% compared to the prior year. Expenses of $232K left a modest 9% surplus.

Mission

We are a holding Company for Knights of Columbus Council 5480. We provide facilities and funds for the Council and for the City of Newport News.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $40,000
Other Revenue $113,091
TOTAL REVENUE $153,091

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $151,809
TOTAL EXPENSES $151,809

Year-over-Year Comparison

2025 2024 Change
Revenue $153,091 $161,790 -0.1%
Expenses $151,809 $153,455 0.0%
Net Income $1,282 $8,335 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
600
Independent Members
600
Employees
N/A
Volunteers
600

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Obrien Trustee 1
Director
$0 $0 $0
Joseph Drozdowski Trustee 8
Director
$0 $0 $0
Carroll Kelley Trustee 8
Director
$0 $0 $0
Steve Taylor Trustee 16
$0 $0 $0
Kevin Konouck Immediate Past President 8
Officer
$0 $0 $0
Jesse Powell President 8
Officer
$0 $0 $0
Harold Hairston Secretary 8
Officer
$0 $0 $0
John Edwards Treasurer 8
Officer
$0 $0 $0
Rick Schirm Vice President 8
Officer
$0 $0 $0
Patrick McFadden Council Represntative 1
Officer
$0 $0 $0
Steve Chipman Assembly Representative 1
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $153,091 $151,809 $1,345,017 $1,282
2024 No data No data No data No data
2023 $169,300 $167,800 $1,335,400 $1,500
2022 $38,190 $114,210 $1,313,143 $-76,020
2021 $125,826 $62,805 $1,389,163 $63,021
2020 $170,173 $150,662 $1,313,804 $19,511
2019 $256,118 $232,123 $1,224,826 $23,995
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